Gentex Corporation (GNTX) reported that its first quarter net income increased 27% to $113.5 million from $89.5 million, last year. Earnings per share was $0.46, compared to $0.36. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.49, for the quarter. Analysts' estimates typically exclude special items.

Create Account

Dark

chart

exchange

RTTNews | Apr 23, 2021 08:12AM EDT

08:12 Friday, April 23, 2021 (RTTNews.com) - Gentex Corporation (GNTX) reported that its first quarter net income increased 27% to $113.5 million from $89.5 million, last year. Earnings per share was $0.46, compared to $0.36. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.49, for the quarter. Analysts' estimates typically exclude special items.

First quarter net sales were $483.7 million, a 7% increase from last year. Analysts expected revenue of $491.21 million, for the quarter. The company said, during the first quarter of 2021, vehicle production levels were negatively impacted by electronics and other part shortage issues.

Read the original article on RTTNews ( https://www.rttnews.com/3187692/gentex-q1-net-income-rises.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved